Media Room - Commercial Loan Direct (CLD Financial).

 

Forget Buying A Single-Family Home: Purchase an Apartment Complex

"There's a little uptick in transferring from single-family homes to multifamily complexes," said Leanne Eicoff, vice president of loans at CLD Financial, an Atlanta-based national lender for commercial loans and apartment mortgages.

Apartment vacancies have fallen to 4.3% in the first quarter, the lowest level since the first quarter of 2001, according to an April report released by real estate research firm Reis, Inc..

Hedge funds are buying up foreclosed single-family residential homes and squeezing out single-family investors and first-time home buyers, Eicoff said.

"We're seeing an uptick in these types of people - usually it's for [buying] a five- to ten-unit complex," Eicoff said about investors who are switching from single-family home investments to multifamily ones for higher returns and increased cash flow. "It's just a start to get their feet wet."

 

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Partners with National Bank to Help Power Economic Recovery
The Program Features Introductory Commercial Loan Rates Starting at 1.99%

Commercial real estate is undeniably valuable when it comes to stimulating our economy; and according to a recent American Banker study, "Commercial and multifamily mortgage lending just had its best quarter since 2008." From generating income to putting Americans to work, commercial real estate has been a strong leader in economic recovery. Commercial real estate is booming and one of CLD's nationally recognized partners is extending an offer that makes entering the industry more enticing than ever.

For a limited time, this program is offering a preferred rate loan that empowers commercial real estate ownership for business operations. They are proud to offer owner-occupied commercial real estate loans at an incredible 1.99% for the first year. In conjunction with this deal, they are offering extremely competitive rates in the low 4's through maturity that may be locked and set prior to closing. These rates are being offered with 10 to 20 year amortizations and terms up to 10-15 years. With these rates, there hasn't been a better time invest in an owner-occupied commercial property.

 

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Commercial Loan Direct (“CLD Financial”) Unlocks Additional Financing Options for Hotel Loans
Commercial Loan Direct, a business division of CLD Financial, is now offering additional financial products including SBA, USDA, conventional, and Conduit-CMBS Loans

Hotel values across the nation have declined approximately 40% over the past five years, which creates opportunities for prudent buyers but challenges for owners with maturing hotel loans that need to be refinanced. In order to cater to both the prospective and current owners, Commercial Loan Direct, a business division of CLD Financial, is now offering more commercial loans to target new hospitality loans.

Both Savvy buyers, who can take advantage of the lower prices, and current owners, who have 5-year loans maturing in 2013 or 2014, can both share in the opportunity to fund their loans through government, conventional and conduit programs.

 

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Commercial Loan Direct (CLD Financial) has Begun Focusing Its Efforts on Refinancing Large-Balance Commercial Loans and Apartment Mortgages Around the Continental US.

Commercial Loan Direct, a business division of and one of the top five online originators of commercial mortgages and apartment loans in the country, has begun focusing its efforts on refinancing large-balance commercial loans around the continental US. With products for office, retail, multi-family, industrial, and self-storage, Commercial Loan Direct can offer options for borrowers looking to refinance their high-interest or bullet loans coming due -- through wholesale loans and CMBS loans.

Commercial Loan Direct provides two (2) highly customized commercial financing programs to help meet the individual and investment needs and requirements of its borrowers.

 

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Commercial Loan Direct (CLD Financial), Offering Student Housing Loans on Apartment Complexes Over $1MM

Commercial Loan Direct (CLD Financial) a leading national originator of commercial loans and apartment mortgages is currently offering financing for student housing projects at historical low interest rates.

Commercial Loan Direct's Dedicated Student Housing Apartment Loans provide attractive terms and competitive prices for the purchase or refinance of properties that, because of construction and location, specifically cater to a student tenant base and are not readily convertible to conventional multifamily housing.

 

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Commercial Loan Direct (CLD Financial) Announces new Small Balance Loan Program

Commercial Loan Direct, a business division of and one of the top five online originators of commercial mortgages and apartment loans in the country, is pleased to announce the launch of its newly formed small balance program. In addition to being able to do apartment, office, industrial, and hospitality loans under this new program, Commercial Loan Direct may also offer business capital and open lines of credit in order to give borrowers even more flexibility than ever before. Commercial Loan Direct hopes that this new line of business will add to its already robust line of products in an effort to meet the demands of its clients in what is already looking to be its busiest year ever. Fernando Martin, Executive Vice President and Credit Manager for Commercial Loan Direct says, "This new product is intended to fill the gap in the marketplace where most lenders won't go--the loans under $1 million."

 

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